Xero has revealed its all-in-one cloud accounting and payroll solution is available for New Zealand customers, bringing together small business back office process into the company's small business platform.
By building on top of its existing online accounting solution, Xero is able to do for payroll what it has already done for accounting.
Xero New Zealand Managing Director Victoria Crone says the introduction of payroll in Xero means the Kiwi firm is now able to provide 120,000+ small business customers across the country a solution within Xero that "enables more capability than any of our competitors."
“With the introduction of payroll in Xero, we’re really making Xero a single platform for small businesses to manage and grow their business simply and seamlessly,” Crone adds.
“For the business owner, running a business is much easier when you combine two of the most critical back office tasks: accounting and payroll.
"Now small businesses can save time and money by getting exactly what they need in this all-in-one, easy-to-use, seamless accounting and payroll solution.
“With payroll in Xero, small business owners and their employees can manage leave, view payment information and more – from any device, at any time.
“Not only does it reduce complexity and eliminate payroll compliance pain with automatically generated, Inland Revenue compliant reports, payroll in Xero also saves time in manual data entry and answering queries with the online and mobile employee app."
According to Crone, PAYE, KiwiSaver, and Student Loan calculations are all taken care of - the information is then automatically updated in their Xero accounts, with no duplication of data-entry, giving business owners more time to focus on running their business.
Payroll in Xero also allows small businesses to remain in control of their cashflow by providing them with the necessary bank files to pay employees and the Inland Revenue.
"Payroll is typically a costly, dry and time-consuming aspect of running a business, but we’ve built a platform that makes it quick and simple for people to undertake once mundane, manual tasks," Crone adds.
"And the cost is included within your Xero subscription.
"This is just the start of a new wave of innovation we have planned as we further leverage our powerful small business platform as an engine for small business productivity."